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negotiator jonathan pershing. >> civil society groups are extremely frustrated here. president obama, in his first speech after elected, said that he didn't want our children to live in an america that is threatened by the destructive power of a warming planet. yesterday, a number of civil society groups held a news conference and they said -- greenpeace said that tod stern and got the pershing have come to doha with a goal of obstructing the process. he said that it was disrespectful of president obama to inflict on us to the bureau negative negotiators to act as if the commerce that he made after the election were never made. obama should pick up the phone and tell his delegates to follow his lead or alternatively return to washington. jonathan, are you calling president obama's wishes, and how you respond to thcivil sociy groups who say that the u.s. is the leader of stricter to any kind of negotiatied deal? >> all have no comment on the first part. on the second piece, the united states' role is engaging actively in the discussions. we are one of the significant triggers to the intellect
attention. you are calling on u.s. climate negotiators to step down. why? >> when president obama made his election victory speech, he broke his silence on climate change, what it would do to america's children. he then subsequently said that he wants to be a global leader on climate change, but the position that has been taken by the united states in these talks is business as usual, has not reflected the urgency of what has just happened in the united states through hurricane sandy, the fact that there is massive drought in many parts of the country itself, and huge climate impacts happening in a world elsewhere. the bottom line is, the politics of the negotiation is out of touch with all the science says, and president obama and other political leaders need to recognize, nature does not negotiate. we have to change. sadly, these negotiators are not reflecting that urgency and the ambition of the kind of change we need to see. >> i want to turn for a moment to my questioning of jonathan pershing. he was part of a news conference yesterday, along with other climate negotiators from around
in it. we're used to obama negotiating from a position of compromise first. this is clearly -- >> that's just not true. that's nonsense. >> this is the important part. >> no, that's nonsense. >> this is the important part. >> i've been hearing since the election, oh, the president has to be tougher this time. where was everybody the first two years of his presidency where he shoved his health care plan down republicans' throat? he made sure he got it without a single vote. is that compromise? >> i don't want to get sidetracked -- i could, i guess. with respect to this, though, it seems pretty clear to me that what we're going to end up have happening here is that republicans now will come back and say one of two things. one, rip all the stimulus out of this proposal, and that includes mortgage relief, the $50 billion that you talked about. that includes all the additional spending in there. and then we can start talking. or two, let's get that $1.6 trillion in tax hikes down closer to $800 billion in tax hikes. and either way, boehner gets to go back to his caucus and say, i scored ver
the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening offer. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. you know, we got seven weeks between election day and the end the year. and three of those weeks
and negotiations are about deficit reduction. president obama thinks they're about fairness. most americans, solid majority, want to see taxes raised on those upper income americans, even though only 19% think it will have much of an impact on deficits. it's not about the fiscal crisis. it's about fairness in the minds of most americans. president obama understands that and republicans don't. >> is that because in your polling day, i always thought that people favored spending reduction and favored smaller government. this may be a mistake that the gop has not emphasized spending cuts. >> they certainly do. most people -- two out of three people want to see a deal that includes both tax hikes and spending cuts. they want to see more spending cuts, but they don't expect spending cuts to come out of this no matter what happens. in fact, the one thing that most people in the middle class believe is that regardless of whether we go over the fiscal cliff or whether a deal is reached to avert that, middle class taxes are going up, and so is spending. so there's a lot of cynicism in this process. >> real
on the fiscal cliff. geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfein saying he's con
in this game between obama purpose of the negotiation. it's just ballot err and media noise. i would suggest and the first part of that plan is to set the parameters. that means, okay? the top 2% of the country are paying just about 40% of the taxes in this country. what percent does the president want? boehner needs to stand up and say everything is on the table. taxes, entitlements, you name it, we're ready to talk. >> you would begin with the tax situation, right? i would begin with the spending but you are smarter than me. >> so you say to mr. obama, all right, we're willing to compromise here if it's reasonable. all right? how much more do you want to squeeze out of the upper 2%? and he says probably, i want to go back to the rate clinton had 39.5 and i want to raise capital gains to 25%. do you, lou dobbs, give him that if there is something else that he has to give? >> i certainly would not give him that without conditions. >> bill: but you would think about it it? >> absolutely. that's what i'm saying. the dobbs plan says that reasonable, reasonable, what does that mean? that a littl
. the problem for the republicans is they have had their clocks cleaned in two years of negotiation, and obama, the difference between 1937 and the court packing plan, roosevelt was a god ringing 61 percent of the tote and president obama got 51 percent barely, an while romy was incompetent at campaigning. they show no imagination. if they did they can turn this debate over. >>neil: thank you, patrick who saw all of this covering on election night. if you missed it, i don't know what to tell you, you should be ashameed. how about adding more days off school? some districts are trying it and the taxpayers may not like the cost of it. i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip fr
counter punch? >> absolutely. one of the reasons president obama's come into these negotiations from what he believes is a position of strength is because he's looking at polls that show that the majority of americans will blame a gop-held house of representatives if we do indeed go off a fiscal cliff. so he's coming into this with basically a list of demands without making any concessions. >> he'll be blamed historically. if he has a second recession on his watch, the history will be written that he presided over two recessions. that's why i refer to him as herbert hoover. [ overlapping speakers ] >> he can't play that game. he can bluff but he can't play that game. >> it's not a bluff. this is not a bluff. >> you think he would take a second recession? >> well, a second recession? >> if all the tax cuts are repealed. all of them. we're going into recession. that's why the congressional budget office said. you think he would risk a second recession that would destroy his second term? >> i think he understands the law of the land today is that everybody gets a tax increase. he's trying to
of negotiating a tax cut, and president obama gets to negotiate a tax cut with republicans, a lot more fun and easier to do than tax increases. i don't know they get more leverage in the new year with the possible exception that the fact that, you know, the debt ceiling will loom again, hitting that debt ceiling giving republicans some leverage down the road, but in the short term, you're right, the leverage goes more to president obama right now. >> i have fiscal cliff fatigue. thank you very much. >> sure. tracy: we all do, dennis, but we have to talk about it because congress has to deal with it. we have a new gallup poll showing 5 # 4% of the voters rate the honesty of members of congress below that of used car salesmen. dianne black of tennessee joins us from the home state to hear what the constituents are telling her. what are con constituents sayin? >> well, you know, i'm hearing -oth from my individual constituents and business owners they are really concerned about the spending problem in washington. that's not really talked about. there's a lot of focus on the other side, but th
of democrats on the hill felt that in the past president obama has negotiated with himself rather than forced the republicans to come forward with their own deal, and republicans have yet to come forward with a deal. martha: that's a fair point. >> what the president's staff said yesterday, was, you know the president has already had a trillion dollars in cuts made under his terms. he wants to see from the republicans if they are willing to do something significant in terms of those revenue increases. we had the broad outlines of a possible deal, because what speaker of the house john boehner said he wants in the neighborhood of 400 billion. obama is asking for 1.6 trillion. you can see somewhere in the middle as a possible negotiating or compromise point. >> we should remind everybody the president has been talking about entitlement reform for four years. "the washington post" reminded them this might ab good time to lead because you're the president. martha: it feels like there is a real opportunity here for some history-making leadership and we'll see if we get it. thank you so much. mary
the president will be coming to the table and be serious about negotiating. >> president obama has an unbelievable opportunity to be a transformational president, that is, to bring the country together uniquely and solve this debt problem in ways that other presidents haven't really had that opportunity, or he can dissolve into zero-sum-game politics, where he wins and other people lose. i have seen an attribute in president obama when i served with him in the state senate where he was able to rise above and transform some very controversial issues in a way that was powerful. and it's my hope that president obama rises to this opportunity, avoids this zero-sum-game splash and instead leads the nation in ways that only one person can do, that is the president of the united states. house republicans are prepared to get to yes. house republicans are not prepared to get to foolish. and it is foolish to reject president obama's own self-described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing.
here and negotiate with ourselves. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> with which i agree but i think the risk here for the gop is that they become the party of rich people. and i think you saw that in the election. i don't think that is their intent. i think their intent is quite sound. >> they are becoming the party of rich white older men. you can't think of any other section of the community right now thinking the republican party is for me. >> i think that is why the politics of this make it possible to go over the cliff. i think the democrats see if we go over the cliff the republicans get blamed. meanwhile. i think the republicans worry about be
that it is for different reasons. they say the only way to a palestinian state it is through direct negotiations. we all know that has not worked in the past years, especially the obama administration. the administration has failed, actually, to do anything for the peace process, and some are hoping it might change with the new administration. secretary clinton is leaving, and there are hopes that may be things will pick up again with her successor. >> thanks for the update. >> now for the view from jerusalem, let's cross over to our correspondent who is standing by for us there. the israeli prime minister has condemned the palestinian move. can you tell us more about how israel views this? >> i think israel is concerned that through this upgrade, palestinians could challenge israel legally and diplomatically now. in past weeks, we have heard the israeli government saying that this is a unilateral move that violates the oslo court, that the house indians are aiming to join the international criminal court, and it preempts the united nations. i think for israel right now, the concern is on the diplomatic
to negotiate with stupidity. they need to shine a spotlight on obama's proposal to ensure that the american people know how insane this is. and fourth, they need to use this as an opportunity to pass their own agenda. >> stephanie: so let's review. the president is stupid however he ran and won those on proposals. >> yeah, right. and what party that loses the election doesn't pass their agenda during a lame duck session? it is so obvious. but media matters had a good item last week about the right wing media. is absolutely encouraging and if not threatening republicans to do not negotiate with obama. do not even -- you know, no compromise. no good will effort at all. you don't have to do a thing. this is his problem. and republican parties should just sit back and even though, you know, that message didn't do so well on election day, that is what the rush limbaughs of the world are sticking to. >> stephanie: here he is, your friend, charles krauthammer. >> as a matter of policy, it does absolutely nothing
from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their inten
? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it raises? >> well, it depends because they have a bunch of different simpson-bowles plans. like in the bowles-simpson report, there are three different tax plans and then the thing that the republicans modeled after was something that bowles said in a hearing. >> it's interesting when you look at what these plans are laid
, a bloomberg government former members of both parties said negotiators should be able to reach an agreement. in an hour, president obama speaks to ceo's at the business roundtable, followed by news conferences with house speaker john boehner and minority leader nancy pelosi. >> the supreme court will look at what was passed in 2008 by a majority of six-three, i believe, and they will say that is precedent. indiana had a voter i.d. -- >> they decided on the indiana case, it was constitutional for them to establish id they did not say all of that was subsequently -- >> they talked about indiana. you misrepresented what i said. the supreme court is the law of the land. >> when i hear these accusations that black people voter i.d. loss disproportionately affect minorities -- implies to me that somehow we have something missing in our brain. as -- if white americans can get id to vote and go through all the processes to follow the laws, what are you telling black people? that somehow they are not good enough? that is what bothers me about a lot of the rhetoric coming from democrats and the left.
evening, everyone. i'm larry kudlow. this is "the kudlow report." the talks are back on. team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern a
the way obama started here at all. i mean, there were two ways to start the negotiations. one was did you ever see into guys like haggle over something and one guy says a dollar and the other guy says 1,000. and that's where they seem to have started. he could have started at 500 and then the republicans could have said maybe 100. but he started this thing, he put his foot forward like you know what, i'm willing to play this to the bitter end. this wasn't a thing that said let's get it done quickly. he sent geithner over. he used geithner's political capital which i think was a mistake for geithner. >> he's leaving. >> but it's like using -- >> going back to goldman. >> where he started. >> where he cut his teeth. >> like using a pitcher because you don't care about his arm at the end of the season. so you threw him out there and you send him over with -- and you also let the republicans characterize the plan. which from a pr standpoint i don't think was that smart. so i think they blew that one. but ultimately it strikes knee obama did not suggest, you know whark what, i want to get it d
such a deal if that's what's going on in the secret negotiations. president obama campaigned on tax increases just on the wealthy, just on raising their rates, just only $800 billion in tax increases. but now the white house is demanding $1.6 trillion in tax increases. don't the american people have a right to see where those taxes fall, who this will impact and how much they are? shouldn't the president lay out his plan? the president of the united states, the only person who represents everybody in the country, will that remain a secret? will it just be revealed to us on the eve of christmas or eve of the new calendar year and we will be asked to vote for it, to ratify it like lemmings, suppose. asrt -- repeatedlys repeatedly asserted they believe in a $2.50 in spending cuts for every $1 in tax hikes, which does not reflect sufficient tax cuts, frankly. i mean, spending cuts. but if the white house now wants $1.6 trillion in new taxes, where is the $4 trillion in spending cuts? have those been laid out? do we know what they would be? this is over ten years. that would be very achievable if
will continue to negotiate ways to avoid the year end fiscal cliff. and president obama's also meeting with a group of u.s. governors at around 10:00 a.m. eastern. the bipartisan group includes delaware governor jack mar account kell, mary fallon, scott walker. they will discuss possible solutions to the fiscal cliff and how it will impact their states. the group also expected to meet with house republicans later this week. and oracle is the latest amongst the group of companies to speed up dividend payments as a means of avoiding possible tax hikes for investors because of the fiscal cliff discussions. the company will pay difference tends fors next three quarters totaling 18 cents a share. the ceo didn't take part in the decision but will benefit. he owns 23% stake, that means he'll get around $198 million. pretty good. daniel, what is the share buy back dividend play at the moment, how strong an impact wheth will it have? >> long term probably not a whole lot. it highlights even in general if we think we'll avoid the fiscal cliff, people do appreciate that some taxes will have to go
discuss a little -- the latest with the fiscal cliff negotiations. republicans and joined obama to extend the bush era tax rates. first time university law professor looked at the history of the alternative minimum task -- tax. cluster e-mails, phone calls and tweets. tuesday at 7:00 a.m. eastern on c-span. more about the tax loopholes and deductions that could be involved in negotiations over the fiscal cliff. from our special washington journal series, this is 50 mins. >> we turn our attention today to deductions and tax -- tax loopholes. joining us to talk about this is john mckennan, thank you for being here. what are loopholes and deductions? we hear those words a lot. guest: loopholes or tax breaks of all different sorts. whether you like a particular loophole or not depends on where you sit. there are lots of loopholes that are deductions. deductions are the ones most people are familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is one for state and local taxes that is very important. the deduction for charitable contributions. then
44 branches. we do pretty big news from citigroup. republican leaders calling on obama to sit down for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now time for the president to be getting involved to respond to the republican offering. he claims that the republican offer was balanced, and because republicans cannot just sit there and negotiate with themselves. here's more from the top republican leaders a short time ago. >> i will be here and i will be available at any moment. so, the president and get serious about solving this problem. reporter: they asked the president sit down so we can stop wasteful spending in washington. on the democratic side, there is emphasis that congress should pass the middle-class tax cuts for people earning up to $250,000 per year
to be involved in negotiations, even if they are slightly not in the heart of it, which is bigger and obama. host: -- boehner and obama. host: robert, good morning. line for democrats. caller: our economy is very fragile. a lot of the things the people in this country, the millionaires and billionaires have forgotten is the fact that if it were not for the tax payers, the infrastructure we put in place, to do business here, like good roads and power grids and bridges -- the list goes on. we the taxpayers are the ones who put this in place for them to make their millions and billions. i do not think it is wrong for everybody, including working class people, to pay their fair share. i think it is the right things that we have to do to dig in and bail this country out. guest: that is a good point. you just made the connection between the taxes we pay and when we get in return. one thing but a lot of people talk about is that in this country, sometimes people -- it is hard to make that connection. a lot of money we pay goes to the military, which maybe you're not involved in, or two seniors. maybe we
in negotiations, even if they are slightly not in the heart of it, which is boehner and obama. host: robert, good morning. line for democrats. caller: our economy is very fragile. a lot of the things the people in this country, the millionaires and billionaires have forgotten is the fact that if it were not for the tax payers, the infrastructure we put in place, to do business here, like good roads and power grids and bridges -- the list goes on. we the taxpayers are the ones who put this in place for them to make their millions and billions. i do not think it is wrong for everybody, including working class people, to pay their fair share. i think it is the right things that we have to do to dig in and bail this country out. guest: that is a good point. you just made the connection between the taxes we pay and what we get in return. one thing but a lot of people talk about is that in this country, sometimes people -- it is hard to make that connection. a lot of money we pay goes to the military, which maybe you're not involved in, or to seniors. maybe we're not there yet. we're paying a lot of mo
ahead, of course, live coverage of president obama's remarks on the fiscal cliff and the negotiations before the business roundtable. we'll bring that to you live in just a few minutes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> with the internet streaming space, hey, there melissa, we're looking at netflix bouncing around based on comments from the chief content cipher but the stock took a bit of a hit when he said that netflix has to plans to cover the costs of the disney deal. nevertheless causing the stock to come off the best levels of the day. back to you, carl. >>> the president is about to speak in front of the business roundtable. good morning, john. >> good morning, carl. he's talking to the business roundtable. you can expect him to highli
negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks to go before a potentially devastating and entirely avoidable blow to the economy, the president proposed a plan that members of his own party won't even vote for. so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. what the president is really interested in, as we learned just yesterday, is getting as much taxpayer money as he can, first, by raising taxes on small business that he believes are making too much money and then on everybody else, not so he can lower the debt or the deficit but so he can spend to his heart's contefnlts for months the president has been saying all he wants is to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday he finally revealed that's not really his true intent. by demanding
obama and speaker boehner spoke on the phone yesterday for the first time in days. both men agreed not to publicly characterize how the conversation went. but the stalemate in negotiations entered new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a
movement on the cutting of spending either. peter: president obama and john boehner in front of cameras to make their cases in the battle over the fiscal cliff. the speaker said he is willing to move forward with negotiations in good faith after republicans rejected the president's first formal offer yesterday as being short on spending cuts, but it doesn't sound like anyone has put the brakes on the road to the coin. >> let's not kid ourselves. i am not trying to make this more difficult. i have been very guarded. i don't want to make it harder for me or the president or members of both parties to find common ground. >> this is not some run-of-the-mill debate, not about which political party can come out on top in negotiations and all of us get out of our comfort zones to make that happen. i am willing to do at and i am hopeful enough members of congress in both parties are willing to do that as well. >> the president's plan repeat his demand for $1.6 trillion over ten years on families making $250,000 a year and includes $400 billion in cuts, savings in medicare and medicaid and other
president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a deal. no, that's not what it was. the white house -- this is alfonse gaston a little bit here. and so they're waiting for the republican response. and what they're really talking about, brooke, is getting some kind of a first step. a down payment. ironically they all know what -- in the big picture needs to be done. they know you have to fix entitlements, do something on the tax side, but they're trying to figure out how to get from here to there. >> and let's just stop there, because let's say the white hous
's the right guy to be sitting in that room doing negotiating. >> they have tried the boehner/obama dynamic before. the lessons from that weren't universally positive. >> you have to keep at it. that's what the american people expect of everybody in washington to sit down and work together and work this thing out and not use other people to be your spokesperson and trying to work out negotiation. the president needs to be here in washington, d.c. in the conference room working out this problem. that's what he was elected to do. >> clearly he will be in pennsylvania and watching that as well. congressman, thank you for your time. >> thank you for having me. appreciate it. >> congressman jim gerlach. >>> coming up next, rick santelli is champing at the bit today so we moved up santelli exchange an hour earlier. don't miss his take on costco. >> we have an exclusive interview with goldman sachs chief u.s. equity strategist david kostin. he thinks the market will rise 12% next year. he'll give you his five best investment ideas. stay with us. if you are one of the millions of men who have used
and will also lead to incremental job creation. >> negotiations continue on the fiscal cliff. obama appeared yesterday to raise prospect that some sort of modification on the deduction for interest payments could be put on the table. there are many people within the housing industry that go screaming around like headless chickens at the prospect of that. do you think it would have a huge impact if it came through? >> the biggest single risk that could derail the housing recovery. we're in the second or third innings out of nine. anything that flexes downward deductibility of interest expense for home mortgages is potentially catastrophic threat to the recovery. >> really? do you think that in the toll brothers space that whether or not people get a check for $10,000 is going to affect whether they purchase a house? >> what we're really talking about here, simon, is the incremental buyer on the margin. it's a question of do we have buyers? yes. are the number of buyers increasing? something which takes $10,000 out of your pocket will make you less likely to buy a house. it will have a negativ
guy. but here obama, talking about obama having learned from the first four years and no longer negotiating before he goes. is there any thought that the community has learned here and enough -- that they are going to get past off because the crumbs are not enough anymore or are you guys just going to go for some more crumbs? >> i am not sure that all of the folks on this panel would represent the progressive community, but i think that we can open a. >> to you want to take that? >> speak on behalf of the progressive community. i don't think i can speak on behalf of the press corps. i guess i can speak on behalf of myself. i don't know, you know, what do you do if you are passed off, to use your phrase? i mean, you can write about these things to appoint them out , but to my you know, as i was saying, i am not terribly optimistic for the second four years because my view is not the only, but the primary leverage point that one has ever president is reelection, and once you move through that i think you're dealing with a more limited set of tools that reelection leverage point pr
of hard-fought negotiations under both republican and democratic administrations, president obama finalized the terms of russia's ascension to the w.t.o. on november 10, 2011. russia was invited to join the organization on december 16, 2011, and officially joined in august of this year. mr. president, i ask unanimous consent that the remarks on pntr be placed within whatever the time agreement ultimately is. the presiding officer: without objection. mr. hatch: and i'd like my remarks not to be interrupted. the presiding officer: without objection. mr. hatch: now that russia is a member of the w.t.o., for our workers to benefit, congress really has no choice but to extend permanent normal relations to russia through appeal of the -- repeal of the application of the jackson-vanik amendment. russia is now a member of the w.t.o., but they are under no obligation to extend the economic benefits of their membership to the united states unless we have normal trade relations. simply put, if congress does not act, our workers and exporters will be at a serious disadvantage in trying to exp
the president's plan. i've done enough negotiations in business to understand who is negotiating in good faith wlorks is moving the goal posts. i think it's time right now for president obama to show the american people his full balanced plan. we haven't seen it. democrats haven't passed a budget in over three years. there's not one democrat that has voted for a plan yet. until republicans see the plan from the president, from democrats, it's very difficult for us to be compromising if anything. right now we're just negotiating with ourselves. that's really a pretty bad negotiating strategy. we should stop doing that, we should be talking about not playing brinkmanship. what we should do is extend all the current rates permanently. that would return certainty to the economy. it would restore confidence. and that's probably the biggest thing we need to do to grow our economy. let's quit having these fiscal cliffs. and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is u
not successfully negotiated a single new trade agreement during the first four years of the obama administration. and this administration has not yet asked congress for a renewal of trade promotion authority despite the fact that that t.p.a. expired over five years ago. the cost of inaction on trade is high because today we live in a global economy where american producers rely on access to foreign markets. more than 95% of global consumers live outside the united states. consider that in 1960 exports accounted for only 3.6% of u.s. g.d.p. today exports account for 12.5% of our g.d.p. exports of u.s. goods and services support over 10 million american jobs. if we do not aggressively pursue new market opening agreements on behalf of american workers, we will see new export opportunities go to foreign businesses and foreign workers. so while i'm pleased that we're considering pntr today, i hope that president obama in his second term will recognize the potential for increased trade opportunities through a more aggressive trade agenda. i look forward to the president signing this legislation into l
republicans well in previous budget negotiations. but the no-taxes-ever-bulwark has not served the country well. and obama would be remiss not to try. go ahead, eugene. >> obama has talked about -- he phrased it as breaking the fever, i think, at one point. this sort of solid wall of adamanting opposition to any sort of tax rate increase ever in the house has been seen as a problem to him from day one. and coming off the election, he's in a stronger political position than he's been in before. his incentive is not to rush into the room, his strength is out among public opinion where that's friendlier terrain for him. whereas once they get in the room, of course, republicans still have power, still have control of the house. >> yeah. >> so there's no great incentive for him to rush to compromise at this point. >> gene, why is -- why is raising the top marginal rate so important to the president as well as liberals across america? why -- explain why the is that so important? >> well -- >> and i'm talking specifically the top marginal rate. not taxes on the rich. because the rich have been sk
leaders in the house blaming president obama for the lack of action. they're calling on him to initiate face-to-face negotiations. did we say a deal has to be made in the next 25 days. house members are out of town for a long weekend break. fox business network's rich edson is live from washington. so are we seeing any movement in these talks at all, rich? >> some, jon. a house aide says president obama and house speaker john boehner spoke on the phone yesterday afternoon. that is their first conversation in a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts. aides refuse to say if the president and speaker are now closer to a deal. for both sides a little more campaigning. president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family to press congress to protect those making less than $250,000 a year from tax increases and raise rates on those making more. house republicans return to their congressional districts. they will meet with small business owners to und
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